Scotiabank Has Lowered Expectations for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its target price decreased by investment analysts at Scotiabank from C$51.75 to C$51.25 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 4.59% from the company’s previous close.

A number of other research analysts have also issued reports on QBR.B. CIBC boosted their target price on Quebecor from C$54.00 to C$57.00 in a report on Tuesday, December 9th. Canaccord Genuity Group lowered shares of Quebecor from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$50.00 to C$51.25 in a research report on Tuesday, January 13th. JPMorgan Chase & Co. set a C$56.00 price objective on shares of Quebecor and gave the stock an “overweight” rating in a research report on Monday, November 10th. BMO Capital Markets raised their target price on shares of Quebecor from C$47.00 to C$53.00 in a research note on Monday, November 10th. Finally, National Bankshares lowered shares of Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 price target on the stock. in a research note on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Quebecor has a consensus rating of “Moderate Buy” and an average target price of C$52.72.

Quebecor Stock Performance

Quebecor stock traded up C$0.30 during midday trading on Tuesday, hitting C$49.00. 277,593 shares of the company’s stock were exchanged, compared to its average volume of 592,838. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The stock has a market cap of C$11.19 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. Quebecor has a 12-month low of C$30.26 and a 12-month high of C$53.32. The firm’s 50 day simple moving average is C$51.38 and its 200 day simple moving average is C$45.42.

Quebecor (TSE:QBR.B) last announced its earnings results on Thursday, November 6th. The company reported C$1.05 earnings per share for the quarter. The business had revenue of C$1.41 billion during the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

Quebecor Company Profile

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.